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Forward induction and the excess capacity puzzle: An experimental investigation

Brandts, Jordi; Cabrales, Antonio; Charness, Gary - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

entry into markets, there is little empirical evidence that incumbent firms effectively behave in this way. Bagwell and …

Persistent link: https://www.econbiz.de/10010547333

Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy

Cosar, A. Kerem; Guner, Nezih; Tybout, James - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows in a new way. The...

Persistent link: https://www.econbiz.de/10010851452

Launching Prices for New Pharmaceuticals in Heavily Regulated and Subsidized Markets

Puig-Junoy, Jaume; López-Valcárcel, Beatriz Gonzalez - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

This paper provides empirical evidence on the explanatory factors affecting introductory prices of new pharmaceuticals in a heavily regulated and highly subsidized market. We collect a data set consisting of all new chemical entities launched in Spain between 1997 and 2005, and model launching...

Persistent link: https://www.econbiz.de/10011019695

Large Firm Dynamics and the Business Cycle

Carvalho, Vasco; Grassi, Basile - Barcelona Graduate School of Economics (Barcelona GSE) - 2015

Do large firm dynamics drive the business cycle? We answer this question by developing a quantitative theory of aggregate fluctuations caused by firm-level disturbances alone. We show that a standard heterogeneous firm dynamics setup already contains in it a theory of the business cycle, without...

Persistent link: https://www.econbiz.de/10011274514

Bundling in Telecommunications

Garcéa-Mariñoso, Begoña; Martinez-Giralt, Xavier; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2008

The paper offers an overview of the literature on bundling in the telecommunications sector and its application in the Spanish market. We argue that the use of bundling in the provision of services is associated to technological reasons. Therefore, there appears no need to regulate bundling...

Persistent link: https://www.econbiz.de/10010547193

Competitions with Forward Contracts: A Laboratory Analysis Motivated by Electricity Market Design

Brandts, Jordi; Pezanis-Christou, Paul; Schram, Arthur - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We use experiments to study the efficiency effects for a market as a whole of adding the possibility of forward contracting to a pre-existing spot market. We deal separately with the cases where spot market competition is in quantities and where it is in supply functions. In both cases we...

Persistent link: https://www.econbiz.de/10010547195

Multimarket Contact in Pharmaceutical Markets

Coronado, Javier; Jiménez-Martín, Sergi; Marín, Pedro L. - Barcelona Graduate School of Economics (Barcelona GSE) - 2007

The purpose of this paper is to analyze the effect of multimarket contact on the behavior of pharmaceutical firms controlling for different levels of regulatory constraints using IMS MIDAS database. Theoretically, firms that meet in several markets are expected to be capable of sustaining...

Persistent link: https://www.econbiz.de/10010547494

On the Optimality of Pure Bundling for a Monopolist

Menicucci, Domenico; Hurkens, Sjaak; Jeon, Doh-Shin - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

This paper considers a monopolist selling two objects to a single buyer with privately observed valuations. We prove that if each buyer’s type has a non-negative virtual valuation for each object, then the optimal price schedule is such that the objects are sold only in a bundle; weaker...

Persistent link: https://www.econbiz.de/10010796238

Violence and Displacement in Civil War. Evidence from the Spanish Civil War (1936-1939)

Balcells, Laia - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

This paper explores the relationship between violence and displacement during civil war focusing on two different forms … paper explores the relationship between displacement and violence at the local level in the context of a civil war fought ….e. bombings) shows to be the most significant factor accounting for external displacement at the local level, suggesting that …

Persistent link: https://www.econbiz.de/10010692007

Entry and Market Selection of Firms: A Laboratory Study

Brandts, Jordi; Giritligil, Ayça Ebru - Barcelona Graduate School of Economics (Barcelona GSE) - 2006

We study competition in experimental markets in which two incumbents face entry by three other firms. Our treatments … vary with respect to three factors: sequential vs. block or simultaneous entry, the cost functions of entrants and the … amount of time during which incumbents are protected from entry. Before entry incumbents are able to collude in all cases …

Persistent link: https://www.econbiz.de/10010851346